Post
Topic
Board Bitcoin Discussion
Re: Wrong perspective towards Bitcoin investment
by
Mauser
on 24/01/2024, 14:12:27 UTC
The issue of getting rich quick isn't something that many adopters take seriously, as they've come to believe it is the only way to make a quick profit. It still saddens me to see that some adopters in our community have taken the wrong step towards Bitcoin investment.


There is a big difference between making a quick profit or becoming rich quickly. First of all, there is no reliable system to become rich quickly that we can follow. If there were such a system, then everybody would follow it, become rich quickly and all of a sudden the money would be worthless because everybody has large amounts of it. Our capitalism world is not designed so that there can be many rich people. Money is always going to flow freely and will concentrate in the hands of a few. Bitcoin investments are great and will lead to a profit longterm, but the times of becoming a millionaire without having a lot of capital yourself are over. There are two ways to make large returns in investing. The first one is you already have a decent portfolio and just generate good returns of 10-20% per year. This will accumulate to a lot of money over a long period of time. It's not for people who want to become rich in a few months, because it's going to have to grow for 10-20 years to really pay off. The other way is you don't have a good portfolio yet, but still want to make high returns. Then your only option is to take a lot of risk and try to identify the next big project. Here you can make returns of 100+%, but there is also a high chance of the project going nowhere and you lose your money.